Lesson 2 of 14 • 6 upvotes • 11:47mins
The lesson talks about the Law of Absolute Advantage by Adam smith and the Laws of Comparitive Advantage by David Ricardo. The lesson will explain the law and will prove it by numerical example.
14 lessons • 2h 55m
Syllabus and Strategy Economics mains. Paper-1.
12:38mins
Law of Comparitive Advantage and Absolute Advantage
11:47mins
Current International Economic Problems and Challenges
13:49mins
Comparitive Advantage & Opportunity Cost : Haberler
14:58mins
Trade Restrictions (Tariff) and Partial Equilibrium Analysis
14:45mins
Stopler Samuelson Theorem and General Equilibrium Analysis of Tarrif
9:08mins
Non tariff trade barriers and New Protectionism.
15:00mins
World Trade organization
11:41mins
Heckscher ohlin theory (H-O Theory)
10:16mins
H-O-S Theory. Factor Price equalization theorem.
13:16mins
Uruguay Round : Objectives and outcome
12:01mins
Economic Integration: Custom Unions
14:15mins
Trade creating effects of custom union
9:49mins
Trade diverting effect of Custom Union.
12:11mins